Infosys

From Wikipedia, the free encyclopedia

Infosys Technologies Limited (NASDAQ: INFY) is an information technology (IT) company founded in Pune, India in 1981 by N. R. Narayana Murthy. In 1983, Infosys moved its headquarters to Bangalore, capital of Karnataka. It operates nine development centers in India and has over 30 offices worldwide. Annual revenues for fiscal year 2006 exceeded US$2.15 billion with a market capitalization of over US$30 billion. With over 66,000 employees worldwide, Infosys is one of India's largest IT companies.<ref>Infosys Overview. Retrieved on 2006-08-23.</ref>

[edit] History

Infosys was founded on July 2, 1981 by seven software professionals: N. R. Narayana Murthy, Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora.<ref> The amazing Infosys story. Rediff.com (July 11, 2006). Retrieved on 2006-10-30.</ref> Murthy started the company by borrowing Rs.10,000 from his wife Sudha Murthy. The company was incorporated as "Infosys Consultants Pvt Ltd.", with Raghavan's house in Matunga, north-central Mumbai as the registered office. In 1983 Infosys got its first client, Data Basics Corporation from USA.

In 1999 Infosys attained a SEI-CMM Level 5 ranking and became the first Indian company to be listed on NASDAQ. In 2001 it was rated "Best Employer in India" by Business Today,<ref>Business Today Award</ref> and in 2002 Business World named Infosys "India's Most Respected Company".

[edit] Timeline

• 1981: Founded on July 2
• 1987: First international office in the US in Fremont, California, now its US headquarters
• 1992: Became a public limited company in India
• 1996: First office in Europe in Milton Keynes, UK
• 1997: Office in Toronto, Canada
• 1999: Listed on Nasdaq
• 2000: Opened offices in France and Hong Kong
• 2001: Opened offices in United Arab Emirates and Argentina
• 2002: Opened new offices in Netherlands, Singapore and Switzerland
• 2002: Started Progeon, its BPO (business process outsourcing) subsidiary
• 2003: Acquired 100% equity of Expert Information Services Pty Limited, Australia (Expert) and changed the name to Infosys Australia Pty Limited.
• 2004: Set up Infosys Consulting Inc., U.S. consulting subsidiary in Texas, U.S.
• 2006: July 2, Infosys celebrated its 25 years
• 2006: Became the first Indian company to ring the NASDAQ Stock Market Opening Bell
• 2006: August 20, N. R. Narayana Murthy retired from his position as the executive chairman<ref>Narayana Murthy bids adieu to Infosys</ref>
• 2006: Acquired the 23% stake Citibank had in its BPO offshoot Progeon, making it a wholly owned subsidiary of Infosys and changed the name to Infosys BPO Ltd.

[edit] Key Industries

Business Vertical Specific Industries include:

• Aerospace and Automobile
• Banking & Capital Markets
• Communication Service Providers
• Energy, Utilities & Resources
• Hi Tech & Discrete Manufacturing
• Insurance, Healthcare & Life Sciences
• Media and Entertainment
• Product Lifecycle and Engineering Solutions(PLES)
• Retail, Distribution & CPG
• Transportation & Services
• Independent Validation Solutions
• Real Estate

[edit] Initiatives

In 1996, Infosys created the Infosys Foundation in the state of Karnataka, operating in the areas of health care, social rehabilitation and rural uplift, education, arts and culture. Since then, this foundation has spread to the Indian states of Tamil Nadu, Andhra Pradesh, Maharashtra, Orissa and Punjab. The Infosys Foundation is headed by Mrs. Sudha Murthy, wife of Chairman Narayana Murthy.

Infosys offers internship to university students from many parts of the world through its InStep programme. Most of the interns work at Electronics City, Bangalore. The premise of the internship is to promote the corporate brand globally while interns gain business or technical work experience.

In 1997 Infosys started the "Catch them Young Programme", to expose the urban youth to the world of Information Technology by conducting a summer vocation programme. The programme is aimed at developing an interest and understanding of computer science and information technology. This programme is targeted at students in Grade IX level.

In 2002, the Wharton Business School of the University of Pennsylvania and Infosys started the Wharton Infosys Business Transformation Award. This technology award recognizes enterprises and individuals who have transformed their businesses and the society leveraging information technology. Past winners include Samsung, Amazon.com, Capital One, RBS and ING Direct.

[edit] Global Offices

[edit] Americas

• Canada: Toronto
• USA: Atlanta (GA), Bellevue (WA), Bridgewater (NJ), Charlotte (NC), Detroit, Fremont (CA), Houston, Lake Forest (CA), Lisle (IL), New York, Phoenix (AZ), Plano (TX), Quincy (MA), Reston (VA)

[edit] Europe

• Belgium: Brussels
• Denmark: Copenhagen
• Finland: Helsinki
• France: Paris
• Germany: Frankfurt, Stuttgart
• Italy: Milano
• Norway: Oslo
• The Netherlands: Utrecht
• Spain: Madrid, Burgos
• Sweden: Stockholm
• Switzerland: Zürich
• UK: Canary Wharf, London

[edit] Asia Pacific

• India: Bangalore, Pune, Hyderabad,Chandigarh, Chennai, Bhubaneswar, Mangalore, Mysore, Mohali, Thiruvananthapuram
• Australia: Melbourne, Sydney
• China: Beijing, Shanghai
• Hong Kong: Hong Kong
• Japan: Tokyo
• Mauritius: Mauritius
• UAE: Sharjah

Infosys Bangalore Campus	Infosys Mysore campus	The Pyramid shaped building at Electronics City campus	Cycling inside Infosys
Infosys Pune Food Court on a wet day. Seen on background is the latest "Spaceship" Building having finishing touches.

[edit] Trivia

• Employee # 1 was N. S. Raghavan, oldest amongst the Infosys’ founders

[edit] Notes

[edit] References

• R. Sukumar. India's Best Employers: The Top 5. A BT-Hewitt study. Business Today. Retrieved on 2006-10-10.
• Infosys Overview. Retrieved on 2006-08-23.
• BW Most Respected Company Awards 2004. Business World (2004). Retrieved on 2006-10-10.
• Infosys Technologies Limited (2002-04-16). Infosys announces Progeon, its Business Process Management ("BPM") venture. Press release. Retrieved on 2006-10-11.
• Infosys Technologies Limited (2006-04-20). Infosys buys out Citi’s stake in Progeon. Press release. Retrieved on 2006-10-11.
• Infosys Technologies Australia Pty Ltd. (2003-12-18). Infosys releases agreement to acquire Expert Information Services Pty Limited, Australia (PDF). Press release. Retrieved on 2006-10-11.
• Bharat kumar (2002-08-07). A twist to the tale. Business Today.
• Summer fun. The Hindu (2004-06-14). Retrieved on 2006-10-12.

[edit] External links

• Infosys official website
• Infosys ThinkFlat Blog
• A Rediff article on 25th anniversary celebrations at Mysore campus
• Infosys Technologies Ltd: Company Overview - Reuters
• Infosys financial snapshot at Google Finance

hi:इन्फोसिस kn:ಇನ್ಫೋಸಿಸ್ sv:Infosys